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$1,847,500
10 Beds 5 Baths 223001027 MLS Active Status
We are excited to present this 5-unit opportunity with huge potential, situated in a Prime Sherman Oaks/Studio City location near the historic Ventura Blvd with shops, dining, fun nightlife, Universal City, and The Getty Center. A hop, skip and jump to the neighborhood coffee hangout - M Street Cafe, or the newly remodeled shops and restaurants at the Sportsman Lodge, and two blocks from a tree-lined river walk and bike path. This complex is being brought to the market for the first time in 31 years; this building is home to incredible tenants, some of who have been there for 20+ years. This complex was built in 1951 and is 3,692 sqft with ten bedrooms and five baths, sitting on an approximately 7,116 sqft lot. Currently bringing in $8,574/ month in rent (one vacant unit) with a pro forma of $11,200/ month in total rent. Units are private and quaint and are built condo style, each with its own address. Rarely is there a vacancy available. It has one single-story unit on Moorpark and four two-story units on Ethel. The two-story units have a living space, dining area, full kitchen, and slider out to the pool on the main floor. As you go up the stairs, you will find two bedrooms and one bathroom in the hallway.4409 Ethel: This unit is currently vacant, and last year they upgraded the full bathroom and kitchen cabinets and replaced the carpet. A new dual air and heating unit was added to the front window as well as one of the bedrooms upstairs. They also upgraded the heating wall unit on the stairs.4411 Ethel: This past year, the whole unit was upgraded with laminate flooring and a fresh coat of paint. In January, a new dual air and heating unit was installed in the front window, and an upgraded heater for the stairs was ordered and will be installed once received.4413 Ethel: This unit had laminate flooring installed less than five years ago on the main floor. The stairs are carpeted, the bathroom is tiled, and the bedrooms have laminate flooring.4415 Ethel: This unit has laminate flooring in the living area and stairs, tile for kitchen floors, and the original hardwood flooring upstairs. A new stove was installed in 2022.13103 Moorpark: This is the only single-story unit. It has a private front yard which the client loves. As you enter the home, there is a large living area with beautiful wood-paneled ceilings. The kitchen, which has a newer stove/oven, has views of the pool and is right next to the slider, which leads you to the pool area. There is one bedroom in the front with a long hallway that features storage and shelves. At the back of the unit is the second bedroom and the full bathroom with a bathtub and standing stall shower. Only the exterior and 4409 Ethel are featured in the photographs. To secure the tenants' privacy, we have photos of the other units available upon request and further interest. The laundry room features one washer and dryer and is open to clients on-site. Each unit has one parking spot behind the unit and a security gate for the resident's protection. This is an excellent opportunity for investors, buyers, and builders in a prime Sherman Oaks/Studio City location!Dry rot woodwork has been completed. The eaves and window trims have been freshly painted. The seller has a deposit with a roofing company to tune up the flat roof on the building and carports. They will Seal lap joints using APOC 264 white mastic and seam tape, Seal all roof penetrations using APOC 264 white mastic, apply one coat base coat primer / bleed blocker, and apply two coats of acrylic elastomeric coating and will provide a 5-year warranty.

13103 Moorpark Street, Sherman Oaks

$2,148,000
5 Beds 4 Baths 23250677 MLS Active Status
OWNER / USER ! INVESTORS ! Gorgeous minimalistic 4 bedroom home in prime Sherman Oaks with an additional 750 SF 1+1 bath income producing ground level home (ADU). The quality and detail throughout begin as you enter into the foyer through massive double entry doors flowing seamlessly into the living, dining & entertaining areas framed by natural ambient light and warm oak floors. The chef's kitchen is expertly fitted & finished in both units. New heated pebble tech pool with party lights and ample private outdoor entertaining space. Newly completed construction with meticulous craftsmanship, crisp lines and smart home technology including security cameras, ceiling speakers, keyless entries and a private gated motor court for two private cars equipped with EV outlet. The full ADU is complete with its own private entrance and address. It features a tankless water heater, separate meters and thoughtfully created built ins, eat in kitchen with appliance suite including stacked laundry in unit. Property is a corner lot walled in green in an excellent location in desirable Chandler Estates near shopping and entertainment. Plenty of street parking. Sherman Oaks is a central location with easy commutes to the West Side, the greater Valley as well as studios in Burbank. Great owners suite or two income units. Perfect Owner user interested in both long term renters to offset mortgage or furnished short term executive rentals for those in the entertainment or medical field.

5456 Hazeltine Avenue, Sherman Oaks

$2,999,500
11 Beds 12 Baths 23249647 MLS Active Status
***Please Contact Us For An OM***Brand new construction. Have someone else help pay your mortgage. One vacant owners unit available. Exceptional opportunity to acquire a luxurious multifamily property in the highly sought-after area of Sherman Oaks. This stunning property features three brand-new, impressively large townhomes, all exquisitely designed and crafted to the highest standards of modern living. The property offers an in-place Cap rate of 5.12%, the townhomes are non-rent controlled and are not subject to LA City rent control regulations. Currently, one townhome is vacant, presenting a unique opportunity for an owner-occupier. Each unit offers over 2,500 square feet of living space and features beautiful rooftop decks with stunning views of the surrounding area, perfect for entertaining and relaxation. The townhomes feature high-end finishes, including stainless steel appliances, quartz countertops, and hardwood flooring, with each unit boasting an in-unit washer/dryer, tankless water heater and a 2-car garage with direct unit access, providing added convenience and security.Don't miss out on the chance to own this exceptional multifamily property in Sherman Oaks, which represents the epitome of luxurious contemporary living. Contact us today to schedule a private tour and experience the unparalleled quality of this stunning development for yourself. Can be purchased with 3 units at 5653 Hazeltine. Or if you want to purchase 3 units for cash flow 5653 Hazeltine is 100% leased.

5655 Hazeltine Avenue, Sherman Oaks

$5,999,000
22 Beds 9 Baths 23249263 MLS Active Status
***Please Contact Us For An OM***Brand new construction. Have someone else help pay your mortgage. One vacant owners unit available. Two buildings with separate APNs can be purchased together or separately. Exceptional opportunity to acquire a luxurious multifamily property in the highly sought-after area of Sherman Oaks. This stunning property features six brand-new, impressively large townhomes, all exquisitely designed and crafted to the highest standards of modern living. The property offers an in-place Cap rate of 5.12%, the townhomes are non-rent controlled and are not subject to LA City rent control regulations. Currently, one townhome is vacant, presenting a unique opportunity for an owner-occupier.The property consists of two separate buildings on separate APNs, each with three townhomes, providing both privacy and exclusivity. Each unit offers over 2,500 square feet of living space and features beautiful rooftop decks with stunning views of the surrounding area, perfect for entertaining and relaxation.The townhomes feature high-end finishes, including stainless steel appliances, quartz countertops, and hardwood flooring, with each unit boasting an in-unit washer/dryer, tankless water heater and a 2-car garage with direct unit access, providing added convenience and security.Don't miss out on the chance to own this exceptional multifamily property in Sherman Oaks, which represents the epitome of luxurious contemporary living. Contact us today to schedule a private tour and experience the unparalleled quality of this stunning development for yourself.

5653 Hazeltine Avenue, Sherman Oaks

$3,500,000
12 Beds 10 Baths 23248943 MLS Active Status
We are pleased to present this unique opportunity to purchase four large +/- 2,200 square foot townhouse units located in the best part of Sherman Oaks, directly adjacent to the Trader Joe's and Chase Bank retail center, and across the street from Westfield Fashion Square. At a cost of only $900,000 per unit, this property is potentially a good candidate for future condo conversion. Demand is high, with comparable sales averaging at $496.81/SF and 29 days on market. Two nearby condos sold after only 4 days on market. The subject property currently has one vacant unit, which has been remodeled, perfect for an owner-user, or an investor. Each townhouse is two-stories and each unit features 3 bedrooms, 2 bathrooms, a den, a formal living room, dining area, private balcony, private entrance to garage, two-car parking, built-in storage cabinets and a lockable storage closet. The property is also proximate to the 101 Ventura Freeway entrance and is surrounded by fine dining, new developments, and some of the world's most exclusive retailers. Walk next door to Trader Joe's and Chase Bank. You are only one block to Bloomingdale's, Tesla, Macy's, OrangeTheory, Apple, Sephora, Lululemon, Chipotle, Starbucks and Best Buy. Enjoy the convenience of being only a few blocks from Whole Foods, Gelson's, Ralphs, Pavilions, and CVS, and highly rated and locally beloved restaurants like Petit Trois le Valley, Marmalade Caf, Blu Jam Caf, In-n-Out Burger, Gyu-Kaku, Borekas, and Osteria La Buca.

4833 Hazeltine Avenue, Sherman Oaks

$1,350,000
4 Beds 3 Baths SR23016627 MLS Pending Status
Great investment opportunity for 3 rental income (or 4 -optional) from a single property in the prime neighborhood of Sherman Oaks! This Triplex features a total of 3 units: 2 rented units with 1 bed & 1 bath each with a cozy patio area (one of them was recently remodeled). Third unit features remodeled 2 bedrooms & 1 bath , private backyard and a detached 2-car garage accessible from alley and option to convert to ADU for additional 4th income unit. With RD1.5 zoning , it allows to maximize the potential use of the lot sq. ft and build a total of 4 units for income. This triplex investment lets you live in one unit and rent out the remaining units. The 2 bedrooms unit featuring approx. of 1,200 sq. ft with an open floor plan and has been fully remodeled in kitchen, bathroom, flooring and painting. Recently installed central heating , A/C, interior and exterior surround speakers, newer stucco, plumbing, electrical, roofing, windows, painting ,concrete, sewer, and much more. The property is located in the heart of Sherman Oaks. Conveniently nearby Ventura Boulevard, Starbucks , coffee shops , luxury restaurants, new Whole Foods , Sherman Oaks' finest boutiques, shopping centers, parks, Westfield fashion square mall, and easy access to the 405 & 101 freeways. Don't miss out on this rare opportunity to earn passive income from 3 units and own a Triplex with potential for 4 income units .

4314 Allott Avenue, Sherman Oaks

$6,020,000
29 Beds 23 Baths 23233469 MLS Active Status
Situated near the intersection of Valleyheart Drive and Kester Avenue, the building sits only four blocks from the fine dining and premium boutiques along world renowned Ventura Boulevard. Boasting a unit mix of nearly all two- and three-bedroom apartments, the property features spacious floorplans covering approximately 12,925 square feet. More than 78% of the unit interiors have been thoroughly upgraded, featuring new amenities such as custom Calacatta quartz countertops, French Oak-inspired wood flooring, stainless steel appliances, and completely remodeled bathrooms. A new investor may be able to benefit from the already-completed upgrades to realize consistent income improvement, as area rents have steadily increased even in the short time since these renovations were completed. Moreover, a new owner can conduct a similar revitalization of the remaining three apartments to potentially recapture approximately 20% in rent upside. Because nearly all of the units are currently leased at or near market rent levels, the effects of local rent control have been essentially removed, leaving the new owner a market rental base similar to that of a non-rent controlled asset. Recent macroeconomic fundamentals have provided strong tailwinds for apartment occupancy and rental rates, as more potential homeowners have remained in rental housing while single-family mortgage interest rates have nearly tripled. With home values lagging in responding to these higher rates -- the least expensive single-family home available for sale in the 91403 zip code is currently $1,325,000 according to the MLS -- the barrier to homeownership for most renters remains extremely high, which in turn boosts overall apartment demand to the benefit of landlords. Situated in a very desirable neighborhood within the San Fernando Valley, the location allows tenants convenient access to numerous area amenities. The Sherman Oaks Galleria and Regal Cinemas sit mere blocks from the property, while the Westfield Fashion Square is approximately one mile east of the building. Whole Foods, Gelsons, Pavilions, and Trader Joe's re all in the immediate area, while several bars and restaurants along Ventura Boulevard provide excellent dining options. The building is also conveniently located equidistant from the booming Warner Center/Woodland Hills area and the creative campuses and studios within Burbank and Glendale, which allows the property to draw residents employed at each of those major hubs.

4957 Kester Avenue, Sherman Oaks

$3,850,000
30 Beds 20 Baths 22220245 MLS Active Status
Featuring a unit mix of all three-bedroom units, the property offers a new owner substantial rent upside. The current rents are approximately 47% below market rates, allowing an investor to capitalize on continued income growth for the foreseeable future. There is an existing loan at a 3.97% fixed interest rate that may be assumed. Situated near the intersection of Magnolia Boulevard and Woodman Avenue, the property is blocks from the Westfield Fashion Square and Notre Dame High School. The prestigious Ventura Boulevard, featuring fine dining and high-end shopping, is just one mile south of the property. Half of the apartments have already undergone extensive interior remodeling, with the installation of new wood flooring, quartz countertops, recessed lighting, stainless steel appliances, upgraded bathrooms, and new ceiling fans with remote controls. The property has also been updated with nearly full copper plumbing, several new electric subpanels, all vinyl windows, new exterior paint, new signage, and new lighting. The high barriers to homeownership in Sherman Oaks have led to increased rental demand, as the median three-bedroom home price over the past year has been $1,500,000. Monthly mortgage payments on the median three-bedroom home in Sherman Oaks would be approximately $7,334, which is nearly 2.5 times the monthly market rent for three-bedroom apartments at 5117 Woodman Avenue. This chasm between the cost to rent and the cost of local homeownership -- further widened by additional taxes, insurance, and a prohibitive $300,000 required down payment -- forces more residents into rental housing and increases demand for three-bedroom apartments.

5117 Woodman Avenue, Sherman Oaks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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